Financial Times: Germany reaps a €2.9bn gain from Greek bond holdings

Germany has made €2.9bn from interest payments on its holdings of Greek debt since the eurozone crisis, but now plans to return the interest income to Athens after Eurozone finance ministers this week agreed a debt relief deal. The new deal postpones the majority of repayments on the €228bn that Greece owes to the rest of the eurozone until after 2030. It also includes returning to Greece the annual profits that euro area central banks make on their holdings of the country’s debt, from the 2017 financial year onwards.